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Dec 31, 2012
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unless congress gets its act together soon, america faces a fall off the fiscal cliff. cnn has just learned democrats are now willing to compromise on the tax threshold. they're now willing to raise taxes on incomes over $450,000 instead of $250,000. while the two sides have called in their so-called closers to work behind the scenes -- vice president biden and senate minority leader mitch mcconnell -- they're not offering much hope for an 11th hour fix. let's bring in chris, our reporter from the national journal, working the story on capitol hill all night and into the morning. what's new in the developments here that makes us think we're any closer to stopping the fiscal cliff? >> when you guys came in, i thought your bumper music might be "final countdown" as we get near the cliff. what's new from what i have learned since talking to some senate aides before coming on with you guys is that there's no deal yet, but republicans are going to huddle here later this morning, and that indicates to me with some of the news coming out of here that democrats moved to 4:30 th
unless congress gets its act together soon, america faces a fall off the fiscal cliff. cnn has just learned democrats are now willing to compromise on the tax threshold. they're now willing to raise taxes on incomes over $450,000 instead of $250,000. while the two sides have called in their so-called closers to work behind the scenes -- vice president biden and senate minority leader mitch mcconnell -- they're not offering much hope for an 11th hour fix. let's bring in chris, our reporter from...
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Dec 24, 2012
12/12
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just eight days left before we go off the fiscal cliff. very quiet in washington because congress and the president, they're on vacation. want to bring in our guest, grover norquist. he's the president of americans for tax reform. 213 congressmen and 39 senators have signed his pledge, vowing not to raise taxes. grover, thank you for joining us, especially on this holiday christmas eve. appreciate it. >> good to be with you. >> first i want to play for you something that republican senator johnny isaacson of georgia said yesterday about what he might do when it comes to taxes. >> no one wants taxes to go up on the middle class. i don't want them to go up on anybody. i'm not in the majority of the united states senate, and he's the president of the united states. if we get down to the end of this year and the only choice we have is to save taxes going up on the middle class, then i would support that. >> grover, as you know, johnny isakson is not exactly a moderate. he's saying he would support tax increases for everybody below the middle c
just eight days left before we go off the fiscal cliff. very quiet in washington because congress and the president, they're on vacation. want to bring in our guest, grover norquist. he's the president of americans for tax reform. 213 congressmen and 39 senators have signed his pledge, vowing not to raise taxes. grover, thank you for joining us, especially on this holiday christmas eve. appreciate it. >> good to be with you. >> first i want to play for you something that republican...
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Dec 27, 2012
12/12
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then we have those five days, ali, as you say, until we go over the fiscal cliff. ali, one other number, six days until the markets open after the fiscal cliff and i'll throw a second number, one week until the new congress begins, so they are hard up against some big deadlines. >> the market implication is important because markets have done very, very well this year, lisa, and there's some suggestion if congress doesn't get it together before the new year, markets may force them to do so. we'll be talking more about that later in the show. lisa, thanks so much. we'll check in with you later. >>> piling on the concerns, treasury secretary tim geithner has warned congress hat u.s. will reach its debt ceiling on monday. that is when the government reaches its legal borrowing limit. now, this could pose a bigger threat to the nation's credit rating than the fiscal cliff. treasury can keep the government operating for a few weeks using emergency measures, but congress needs to act on this too to avoid a full-blown debt crisis. alina cho. joins us with the ret of the t
then we have those five days, ali, as you say, until we go over the fiscal cliff. ali, one other number, six days until the markets open after the fiscal cliff and i'll throw a second number, one week until the new congress begins, so they are hard up against some big deadlines. >> the market implication is important because markets have done very, very well this year, lisa, and there's some suggestion if congress doesn't get it together before the new year, markets may force them to do...
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Jan 1, 2013
01/13
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despite europe and despite the fiscal cliff, markets did okay. markets around the world are closed for new year's day which is why congress has itself today to get this done, otherwise you'd see some reaction. >> you can only be over the cliff when the markets are closed and have a little bit of breathing space. >> markets open about 12 hours from now. cnn's richard quest joins from us london. poor richard, you've had to deal with all of the stuff in europe for the last two years and then this. you have remarkable world experience as how the worlds investors who tend to be enforcers of politics sometimes will respond to this deal and i know you've been studying the deal all morning. >> i have, well as much as anybody can on the first day of a new year. if you look at what europe has been through in 2012, the european stability mechanism, the banking union debacle, the third bailout for greece, constantly with the fiscal comeback, you see similarities between what happened in europe and what now the united states has just been through and is going
despite europe and despite the fiscal cliff, markets did okay. markets around the world are closed for new year's day which is why congress has itself today to get this done, otherwise you'd see some reaction. >> you can only be over the cliff when the markets are closed and have a little bit of breathing space. >> markets open about 12 hours from now. cnn's richard quest joins from us london. poor richard, you've had to deal with all of the stuff in europe for the last two years...
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Dec 25, 2012
12/12
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cliff. how much is too much when it comes to christmas spirit? take a look at this. neighbors have had enough of this 65,000-light display. but the woman behind it says, it's not going her. and we're going to talk to her live. her name is jan stuart from california and she's up early for us. good morning, merry christmas. i'm in new york. i'm alina cho. >> "starting point" begins right now. >>> and our "starting point" this morning a dangerous winter storm creating holiday travel hazards. new this hour, we're getting word of a pile-up involving at least 20 cars and a big-rig on an interstate 40 west outside of oklahoma city. the crash has shut down interstate 40 for two miles. freezing rain turning the road into virtually, an ice rink. bonnie schneider is tracking the storm. >> the freezing rain has been falling in this part of oklahoma since the overnight hours and what will happen is as the colder air wraps behind the storm we'll see sleet accumulating which means we'll see little balls of
cliff. how much is too much when it comes to christmas spirit? take a look at this. neighbors have had enough of this 65,000-light display. but the woman behind it says, it's not going her. and we're going to talk to her live. her name is jan stuart from california and she's up early for us. good morning, merry christmas. i'm in new york. i'm alina cho. >> "starting point" begins right now. >>> and our "starting point" this morning a dangerous winter storm...
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Dec 26, 2012
12/12
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. >>> a new poll indicating only half of americans believe congress will strike a deal to avoid the fiscal cliff by the end of the year. the poll shows 50% thought a deal was very sore somewhat likely. 48% said a deal was not likely, a much tighter than a poll earlier this morning. president obama cutting short his hawaii vacation, he should arrive in washington tomorrow when the senate and the house reconvene. >>> andruw jones free on bond after being arrested outside of atlanta on christmas day on a battery charge. the gwynnet county detention center says there was an apparent domestic dispute with his wife. he played with the new york yankees last year and recently signed with a team in japan. >>> los angeles is deciding to push up its gun buyback program. in originally set for next may but it will happen today. mayor antonio villaraigosa will hand out grocery cards in exchange for guns. >>> david gregory described a 30-round magazine during a "meet the press." >> a magazine for ammunition that carries 30 bullets. if we replaced them and only have a magazine that carries five or ten bul
. >>> a new poll indicating only half of americans believe congress will strike a deal to avoid the fiscal cliff by the end of the year. the poll shows 50% thought a deal was very sore somewhat likely. 48% said a deal was not likely, a much tighter than a poll earlier this morning. president obama cutting short his hawaii vacation, he should arrive in washington tomorrow when the senate and the house reconvene. >>> andruw jones free on bond after being arrested outside of...